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Wages for technology professionals remained relatively flat in the fourth quarter of 2008, according to the Yoh index of technology wages released today. The index ended the quarter at a reading of 114.80, compared to a reading of 113.7 in the same period a year ago.
Healthcare and telecommunications workers' wages rose, while information technology, scientific and aviation wages held steady, according to Yoh. Clinical and engineering workers' wages fell.
"The latest data continues to emphasize uncertainty in the marketplace," said Yoh President and CEO Bill Yoh. "Since many businesses have employed layoffs as the primary tactic in this economic rough patch, technology wages have not been impacted as dramatically as we would have expected. In this quarter, businesses will begin to respond by increasing layoffs, decreasing raises and yearly bonuses, or hiring new employees with lower starting salaries, but we anticipate the impact of these decisions will not be as dramatically reflected in wages until later this year."